Very interesting technical setup & highly volatile
Price doubled on huge volume since April 20. Hold high and tight with shrinking volume. Holding a small position for speculative play. Price could go down 20-30% easily but that is the risk I am taking in exchange for upside move. Any comment (either for or against) is appreciated.
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OldNormanBates : Volatility came from the offering, coming in at the same time the Vaccine was having 78% or better efficacy!
OldNormanBates : Only upside from here on out due to FDA EUA Most Likely Getting Approval Within Two Weeks Hopefully... Trials Good, Dr. Fauci Likes It, And Talked About It During A News Media Run Yesterday...
Chang Lin9OP OldNormanBates: Thanks for the heads up. Didn't know Dr. Fauci mentioned the vaccine. This news is already priced in we need new catalyst. Let's see what happens next.
OldNormanBates Chang Lin9OP: it was hitting near 14 during some Pre-Market Trading just before the offering, so that's an easy number.. The FDA EUA isn't fully baked into the 14 price. At approval we should see a good catalyst over 14,to near 18-20 IMHO.. Faith.. I've already made my money here, just in my last few shares and go last go around on this roller coaster, so I'm probably going to go out whenever it's over 14.
Chang Lin9OP OldNormanBates: Recent high $13.65 on Apr. 23 with almost 500M shares traded. It will probably take a couple tries to break the overhead resistance. In 2 to 3 months I wouldn't be surprised if it trades above $30 given the overall technical setup, but have to deal with volatility in the meantime. Agree gotta have faith, or conviction, to hold it.